Posted by jolynce > Oct 29, 2021 12:02 PM | Report Abuse X
sold 0.395!
jolynce bought at 0.28 last year.. waiting to sell. I noticed that this current level is already at pre-pandemic price though, so not sure how much higher can it go? 18/10/2021 1:01 PM
Someone is pressing down the price, the boss keep sleeping as usual, share holders supporting but the boss still cannot see the crisis. Later people buy at cheap cheap. The boss when can wake up a
Is Glomac a value trap? The earnings of property developers have been declining over the past few years. This was due to several measures by the government to reduce property speculation. Covid-19 aggravated the situation. The performance of Glomac was similarly affected.
But Glomac has a profitable track record and is financially sound. I expect the business performance of Glomac in the coming years to improve. Together with the expected improvement in the market sentiments, the market price of Glomac would be much higher than what it is today.
The market price of Glomac is currently below its intrinsic value. This is from the perspective of the Asset Value, Earnings Power Value, and Acquirer's Multiple. Refer to the infographics https://i.postimg.cc/NMLj0Tg8/Glomac.png
For a company to be a value trap, its low price must be due to poor fundamentals. In the case of Glomac, the analysis does not indicate poor fundamentals. The intrinsic values are significantly higher than the market price. I would not consider Glomac a value trap.
Glomac possesses a solid portfolio of prime and strategic development landbank with a potential estimated GDV of close to RM8 billion. Within Johor, Sri Saujana and Saujana Jaya combined have available 238 acres with a potential GDV of around RM800 million. This will benefit from government plans to boost economic activities in Johor - such as establishing a special financial zone in Forest City as well as the potential revival of the High Speed Rail (“HSR”) from Kuala Lumpur to Singapore. GLOMAC BERHAD 27 September 2023
The Bursa property companies had a tough few years. Covid-19 affected my companies in Malaysia and the property companies were no exception. But the problems for the property companies started long before Covid-19 with a soft market that began with the govt efforts to curb speculation in the 2016/17. But I think there is light at the end of the tunnel and as such many property companies could be under priced from a fundamental perspective. One example is Glomac that is currently trading at a discount to its intrinsic value. It is not a value trap. You can read about it from page 19 of the newsletter. https://notice.shareinvestor.com/email/newsletter/invest/pdf/Vol193_Invest-02Feb.pdf
Bought more Glomac @ 40c, averaging down on the original 2k shrs bought in 2016 & added to in '17, '19, '21, '22 & '23 which earned $895.25 in dividends.
Steady! Although revenue dropped slightly, net debt has shrunk 60% from over $189 mil to less than $77 mil, operating cashflow has increased 36% to $138 mil. Net-net has improved from -33 mil to -18 mil, with the overall profitability higher than pre-Covid levels!
Glomac has good future potential , I am confident that it will reach 60 cts soon. Buy and hold, you will get big fortune in near future. Today, the counter is moving a bit.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
jolynce
547 posts
Posted by jolynce > 2021-11-05 12:33 | Report Abuse
0.20?? You think this is SCIB is it? Even during the March 2020 crash also didn't go that low lah.
Posted by MYthenightmare > Nov 5, 2021 12:16 PM | Report Abuse
Break 0.20 then start collect